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SEC to appeal dismissal of Cuban case

Updated: October 7, 2009, 3:43 PM ET
Associated Press

DALLAS -- The Securities and Exchange Commission said Wednesday it plans to appeal a federal judge's dismissal of the agency's insider-trading lawsuit against Mark Cuban.

The SEC filed a notice in U.S. District Court in Dallas that it plans to take its case to the 5th U.S. Circuit Court of Appeals in New Orleans.

The outspoken billionaire owner of the NBA's Dallas Mavericks was accused in a civil lawsuit of selling his shares and avoiding a $750,000 loss after receiving confidential ...

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